The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

Provincial fuel tax is supposed to help pay for public roads and highways by charging the vehicle owners who use them. The Nova Scotia government gives other resource industries a tax rebate for fuel used in vehicles that do not go on public roads, such as fishing boats, farm tractors and forestry harvesters.

Zonte Metals Inc is pleased to announce it has signed a binding Letter Agreement to option and acquire 100% of the McConnells Jest project, in the Tintina Gold Belt in the Yukon Territory, which is composed of 172 claims totaling approximately 3371 hectares.